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Pachtvo Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Unita in beginning inventory
Pachtvo Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Unita in beginning inventory Units produced Units sold Unita in nding inventory Variable costs per unit: Direct materials $ 95 730 2,100 2,480 350 $ 24 $ 21 $ 1 $ 13 Direct labor Variable manufacturing overhead Variable selling and administrative expense. Fixed costat Fixed manufacturing overhead Fixed selling and administrative expense $52,500 $ 7,440 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method) vary fro costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income fa reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the unit product cost for the month under variable costing? Cost per Unit Variable costing a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: L reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses Fixed expenses: 0 0 0 $ 0 Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating income for the mon reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required C Without preparing an income statement, determine the absorption costing net operating income for the month. (Hir reconciliation method.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss) < Required B Required C >
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